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10  Original and largest part of the Group - 54% of 2001 sales  Three market leading brands - Eurocamp and Keycamp - Acquisition of Eurosites (Sept 2002)  Pre-sited mobile-homes and tents on quality, third party owned camp-sites in France, Italy and seven other countries - flexible contracts  c.50% of customers non-UK (mainly German and Dutch) Holidaybreak plc CAMPING DIVISION

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30  Operate Eurosites as stand alone business for summer 2003  Immediately combine overseas operation  Transfer UK business operation from Accrington to Northwich at end of 2002  Similar transfers in Germany and Holland (but keep office in Denmark)  Various options for continue with current positioning -reposition Eurosites brand -consolidate into Eurocamp and Keycamp - combination of the above Acquisition of Eurosites STRATEGY AND INTEGRATION

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31  Quality market leading businesses in attractive sectors with good prospects for growth and also good defensive qualities  Consistent record of earnings and dividend growth - strongly cash generative  Further profits growth in 2002 expected  Holidaybreak well placed to benefit from current holiday sector trends - very strong cash generation a key characteristic of the business  Recent acquisition of Eurosites is significantly earnings enhancing  We view the future with confidence Holidaybreak plc SUMMARY